I am finally back at work after my wedding in Chitre. What a blast it was!! In Panama there are two ceremonies, legal and religious, mostly Catholic here in Panama, so I was legally wed in June and now we have been wed by God.
I am now getting an average of 60 new views per day on my site with about 2 of you making contact with me every day. I am super busy and expect to get more so.
This is consistent with the many articles circulating in both Canada and Panama that the economies and the real estate markets are on a rebound and will continue to gain steam. Panama's market is expected to have made a full recovery by 2013, although it was not hit as heavily as Canada, and especially the US as other Latin American coutries kept Panama's market humming along.
It's not hard to see the potential of increasing property values in Panama when you look at all the construction. Not just the developers, but the government, with the new subway in the city, the widened highway throughout the country and the new airport close to the Decameron Resort. Wow!! I can just see a huge jump in prices in that area!! Right now in Coronado, Gorgona, Santa Clara, and Farallon, one can buy a property for as low as 1000/m2. Do not expect that to last into 2014!!!
Right now is a perfect time to buy, in fact there are many developers in the city ready to seriously consider any offer AND willing to finance up to 90%. I expect prices in Panama City to be back at a stable "pay what we are asking or get lost" level by 2014 as well. As the economy of Canada and the US improve, it only feeds the flame that is burning brightly here in Panama. Today there are deals!!